THE KARNATAKA VALUE ADDED TAX (SECOND AMENDMENT) ACT, 2014
KARNATAKA ACT NO. 05 OF 2015
(First Published in the Karnataka Gazette Extra-ordinary on the Ninth day of January, 2015)
(Received the assent of the Governor on the seventh day of January, 2015)
An Act further to amend the Karnataka Value Added Tax Act, 2003.
Whereas it is expedient further to amend the Karnataka Value Added Tax Act, 2003 (Karnataka Act 32 of 2004) for the purposes hereinafter appearing;
Be it enacted by the Karnataka State Legislature in the Sixty fifth year of the Republic of India, as follows.-
1. Short title and commencement.- (1) This Act may be called the Karnataka Value Added Tax (Second Amendment) Act, 2014.
(2) It shall come into force at once.
2. Amendment of section 21.- In the Karnataka Value Added Tax Act, 2003 (Karnataka Act 32 of 2004), after section 21, the following shall be inserted, namely:-
"Provided that reimbursement of Tax collected under this Act shall also be available in respect of personal purchases made by the Diplomats and Consulate officers of the Embassies and Consulates of the countries which are notified subject to such conditions as may be specified therein by the State Government based on reciprocal agreements entered into by the Central Government with such countries."
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